Three tickets were sold for the $640 million Mega Millions jackpot.
The lump sum payment is $462 million.
Split three ways that is $154 million each. Not a bad payday assuming each person only played a couple of bucks in tickets.
Overall, playing the lottery is a guaranteed way to lose money. Some estimates believed that over 1 billion tickets were sold to the last Mega Millions payout. That means 999,999,997 people didn’t win and 3 did.
Want guaranteed money? Spend less than you earn, pay off debt, and save for retirement. These articles can help you do just that:
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Free From Broke was featured in the following carnivals:
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Kevin, I completely agree – the way to financial health is by watching your spending, paying off debt, and saving for retirement. If we could all win the lottery that would be fun, but unfortunately that’s not how it works! (The only reason to buy a lottery ticket is to give yourself a chance to dream about what you would do with the money, I think)
Also, thanks for mentioning our article!